Across
- 2. Predicting by projecting past trends into the future.
- 8. Factors in a market that make it hard for new companies to break into it.
- 9. Reductions in unit cost caused by the growth of a business.
- 11. A recognised name or logo that helps to differentiate a product or business.
- 17. A subsection of a market where customers share similar needs and wants.
- 18. Materials, semi completed products and completed products ready for sale.
- 19. An item of value used as security to obtain a loan. The item is at risk if the loan is not repaid.
- 20. Making one off items to suit each individual customer.
- 24. Current assets – current liabilities.
- 27. A general rise in prices over time.
- 30. When two businesses agree to come together to create a new, single business.
- 33. Where a company closes down and sells assets in order to pay off debts.
- 34. A business that allows other businesses to use its name and sell its products for a fee.
- 35. The value of one currency in terms of another.
- 36. A physical limit on the volume of a product that can be imported into a product.
- 38. A buy now, pay later agreement with suppliers.
- 39. Activities designed to enhance employees existing skills or develop new skills.
- 41. Paying to use an asset that the business will never own.
- 44. The route a product takes from producer to consumer.
- 45. Production that relies more on machinery than people.
- 46. Non-current liabilities ÷ capital employed.
- 48. Any individual or group influenced by or interested in the activities of a business.
- 49. A specific plan devised by a business to achieve its objectives.
- 50. A tax imposed on an imported product.
Down
- 1. The collection of new data for a specific purpose.
- 3. Production that relies more on people than machinery.
- 4. Filling a job vacancy with a candidate who already works for the business.
- 5. A Japanese approach to stock management that aims to eliminate the need for excess stock.
- 6. A level of production where enough revenue has been generated to pay total costs.
- 7. The value of the next best option foregone when a business decision is made.
- 10. % change in demand ÷ % change in price.
- 12. The difference between the cost of bought in goods and services and the selling price.
- 13. An approach to production that can be continued in the long-term.
- 14. A situation that arises when a single business dominates a market.
- 15. The maximum possible output of a business.
- 16. Passing decision making power down the organisational structure to a lower level.
- 21. The collection of pre-existing data that has been gathered for another purpose.
- 22. a document setting out a business idea and how it will be financed, marketed and put into practice.
- 23. A specific target set by a business.
- 25. owners of public limited companies and private limited companies.
- 26. The cost of borrowing or reward for saving money.
- 28. A document setting out targets for income and expenditure.
- 29. States profit as a percentage of sales revenue.
- 31. Business owners take personal responsibility business debts if the business goes bust.
- 32. New product in new markets.
- 37. Moving a business function to another country, generally to reduce costs.
- 40. Growth which takes place without a merger or takeover.
- 42. Any slack time between the end of one activity and the beginning of the next.
- 43. A business owned and run by one person.
- 47. The difference between a firms revenue and its total costs.